Bank Licenses Sold!

[sir odd]

Bank Licenses sold on public Auction

On May 3, 2007, five Banking Licenses were set to sell to the highest bidder on the Entropia public auction. While the last few weeks on auction had little activity, today proved high adrenaline for both the buyers and spectators.

When the dust settled, over 4 million PED had been paid for the five licenses, the largest single-day auction held in the history of Entropia Universe.

I logged in early this morning with about 20 minutes left on the licenses and headed for the Port Atlantis Mall Auction area. There was already a crowd around the auctioneer, with chat buzzing in anticipation of who would win. Indeed the bid wars had begun, with the amounts climbing every minute from 10 to 10,000 PED per bid.

Twenty minutes passed after the expected end time, and all five licenses were still up for grabs. Finally, the first License was sold to 'Yuri iNTellect Efremov' for a bid of 999,000 PED, the second highest bid on an item only to the purchase of Club NEVERDIE. Minutes went by as bidding on the remaining four licenses continued, with 'Jolana Kitty Brice,' 'Jon NEVERDIE Jacobs,' and 'Janus JD D'Arcwire' claiming the next three licenses. NEVERDIE was having fun during his live radio stream, joking "Sorry folks, won't see me in red armor anymore, had to make some sacrifices!"


A full hour passed before the final license was claimed by 'Baroness Anshe Chung' as a fierce bid war ensued between Chung and another avatar. The total amount for the five licenses was a staggering 4,039,610 PED ($403,961 USD). An added stipulation required each of the holders to possess 1 million PED to operate the banks, which brought the total to just over 9 million PED.

Congratulations to the winners, and we look forward to seeing the new banks once the locations and other details have been decided!


Discussion in the MindArk official announcement thread

[khalim16]

hmmm... im wondering when those bank will arrive Maybe in next VU BtW Sirr Odd great news

[kira-red]

...........

[sir odd]

Hi folks, just made a quick edit to help clarify the 'large' amount on the licenses, sorry for the confusion!

[Dr Kevorkian]

Another massive influx for MA and nothing for the players.....Sigh.Im seeing a trend.

[MindStar9]

Great effort on your first Front Page news article OB ... you've proven right out the gate that you have what it takes to hop onto a breaking story (did I say that), even though we knew about when the auction for the banking licenses would end. The mere fact that you rushed into the Newsroom and asked if anyone was assigned this story was an indicator that you're on the job looking for news worthy stuff.

Thank you for your timeliness, indeed. Looking forward to many more.

Oh, and I must spread the love!



***

[dylan weeman G]

HOLY SNAPPING DUCK SH%T BATMAN THATS A BUCK LOAD OF MONEY thats more than ive got in my wallet ill trade my full ghost, mk.II fap 50, 103 amp for 1 , and some angel, eon, shadow, supremcy , doa, ml's which ive got stored which no1 knows of ...

[Jimmy B]

Nice first article Sir Odd

[Nicole]

Very nice article

Cant wait to see what the new owners plan do to with the licenses, maybe help me finance my supremacy set?

[~ thebuzz ~]

for the five licenses was a staggering 4,0396,110 PED ($403,961.10 USD).

Isnt that supposed to be like:
40,396,110 PED or
40396110 PED or
40.396.110 PED or
40 396 110 PED or